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Financial Treasury and Forex Management topic covered in video lectures

CS Professional Financial Treasury and Forex Management Video Classes





CS Preparation: We offer the CS Professional online classes through our portal www.takshilalearning.com. Online classes for CS Professional are designed by experienced faculties. Along with Video lectures, proper notes, books, MCQs and various articles on important topics are also provided. In this article, ‘Forex Management’ from CS Professional – Financial Treasury and Forex Management is explained.
Understanding Some Important Terms
Interbank Deals:
Interbank deals refer to purchase and sale of foreign exchange between the banks. In other words, it refers to the foreign exchange dealings of a bank in the interbank market.
In general terms, the interbank market is the top-level foreign exchange market where banks exchange different currencies and those exchanges are referred to as interbank deals.
Cover Deals:
While quoting a rate to its customers, a bank is guided by the interbank exchange rates. The bank adds exchange margin to interbank ask rate in order to determine merchant’s ask rate and it reduces exchange margin from interbank bid rate in order to determine merchant bid rates. Banks cover their transactions entered into with the customers in the interbank market so as to save itself from foreign exchange fluctuation risk. The bank usually tries to keep as low stocks of foreign currency as possible as any adverse change in foreign currency would affect its profits.
Watch recorded lectures by experienced faculties on the same by clicking Financial Treasury and Forex Mangement notes.
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